Sachem Capital Corp. 8.00% Notes due 2027 (SCCG)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach SCCG first as a creditor, not an equity owner: it is an 8.00% note due 2027 issued by a real estate company, so the central question is whether interest and principal will be paid, not whether the equity is statistically cheap. The filed record is uneven. Fiscal 2023 produced $15.9M of net income and $0.27 diluted EPS on $64.7M revenue. Fiscal 2024 reversed to a $39.6M loss and -$0.93 EPS on $57.5M revenue. Fiscal 2025 showed a profit of $6.3M and $0.04 EPS, but revenue was not reported in the figures provided. More recently, fiscal Q1 2026 lost $6.1M (-$0.15 EPS) and fiscal Q2 2026 lost $5.4M (-$0.14 EPS), while fiscal Q3 2025 had $12.0M revenue and $997k net income. FairStock categorizes it as a TURNAROUND because it returned to profit after a loss within three years, but the 2026 losses make that label fragile. I cannot establish a durable moat from these numbers; no revenue, margin, coverage, or balance-sheet detail is supplied for the latest periods. Valuation is also opaque: the $24.63 close on 2026-10-16 sits near the $25.00 high of a $22.76-$25.00 52-week range, and FairStock's P/E, P/B, ROE and ROCE calculations are N/A. For a note, price alone is not enough; I would need yield-to-maturity, interest coverage, covenants and maturity repayment capacity. The growth trajectory is not clean: revenue fell from $64.7M in fiscal 2023 to $57.5M in fiscal 2024, and recent revenue is unavailable. Margin of safety here depends on credit quality, which the provided data do not let me verify.

In plain English: This is an 8% note due in 2027 from a real estate company. The business looks weak in the latest periods: it earned $6.3M in fiscal 2025 after a $39.6M loss in fiscal 2024, but then lost $6.1M in fiscal Q1 2026 and $5.4M in fiscal Q2 2026. At $24.63, the price is near the top of its $22.76-$25.00 one-year range; with no note yield or repayment data given, it looks fair rather than clearly cheap or expensive.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer